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What the interest expense on the bonds at june is

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Problem 1: On January 1, 2017, Chain inc. issued $400,000, ten-year, 10% bonds for $354,200. The bonds pay interest on June 30 and December 31. The market rate is 12%. The interest expense on the bonds at June 30 , 2017 is

a. $20,000
b. $24,000
c. $21,252
d. $17,710

Reference no: EM132934341

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